Hi MF,
question for you.... on DOE day what do you use for confirmed A down. 22 1/2 minutes like any other day or 1:15 minutes because of the longer OR? I have mixed answers to this ?? from my fellow traders.

Hi MF,
question for you.... on DOE day what do you use for confirmed A down. 22 1/2 minutes like any other day or 1:15 minutes because of the longer OR? I have mixed answers to this ?? from my fellow traders.

Thanks

RRR

Hi RRR,

Good to see you around.

There is no time for confirmation on A down due to very wide OR. I am either shorting it at ORH as failed A up or long off ORL as failed A down. Today bet was to short off ORH - which is 94.24 area.

That's the reason i covered some shorts around days ORL of 93.75 and held the rest as PARTY got busy and getting busier by the minute.

My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

I am generally feeling the BULLS are slighting coming back into this. OR had strong buying. Sellers had to be tested.
That being so, I took this Failed A UP. I felt I got in a bit late as there was little selling conviction.
Trade had adrenaline pumping! Tape was screaming BUYERS. Aimed for Y-close / bottom of OR. Breakout Bar was fast, making most of the move. I anticipated typical fast reversal behavior. Made 58 ticks.